Despite producing a third of the world’s food while bearing the brunt of climate change impacts, small-scale farmers receive just 1.7 per cent of global climate finance.

Launched in 2021, the Enhanced Adaptation for Smallholder Agriculture Programme (ASAP+) is envisioned to be the largest fund dedicated to channelling climate finance to small-scale producers.

It aims to mobilize US$500 million and is expected to benefit more than 10 million people by:

• Leveraging existing climate finance for small-scale producers.
• Increasing the resilience of small-scale producers.
• Transforming food systems.
• Reducing climate threats to food security.
• Mitigating and sequestering carbon to help achieve commitments, including nationally determined contributions and National Adaptation Plans.

ASAP+ builds on IFAD’s expertise in investing in rural communities and on the lessons from ASAP1 and ASAP2. Initial priorities focus on the intersection of climate, conflict and fragility in the Sahel, Ethiopia, Somalia and Yemen. ASAP+ also supports emerging priorities, such as forest restoration and Indigenous Peoples in the Brazilian Amazon.

Going forward, the focus will expand to the intersection between climate, biodiversity, gender and nutrition, while supporting new finance mechanisms to catalyse private sector investment in climate adaptation for small-scale agriculture.